Skip to content
Nonprofiteer
← FINANCIAL BEGINNINGS

Form 990 for tax year 2023

Filed by FINANCIAL BEGINNINGS.

Totals

Total revenue
$1,238,981
Total expenses
$1,553,324
Contributions and grants received
$1,079,031
Grants paid
$0
Program service revenue
$64,980
Investment income
$28,887
Other revenue
$66,083
Total assets, end of year
$1,230,464
Total liabilities, end of year
$216,216
Net assets or fund balances, end of year
$1,014,248
Program services expenses (Part IX)
$1,007,178
Management and general expenses
$248,643
Fundraising expenses
$297,503
Program service expenses (Part III)
$1,007,178

Program services were 64.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $68,300

  • 1f · All other contributions, gifts and grants

    $1,010,731

  • 2a · Program service revenue: LICENSING OF CURRICULUM

    total $64,980 · related or exempt $64,980

  • 3 · Investment income

    total $28,887 · excluded $28,887

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $11,929

  • 10b · Cost of goods sold

    $10,846

  • 10c · Net income from sales of inventory

    total $1,083 · related or exempt $1,083

  • 11a · Other revenue: EMPLOYEE RETENTION CREDITS

    total $65,000 · related or exempt $65,000

  • 11e · Other revenue, total

    $65,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $225,478 · program services $137,410 · management and general $43,397 · fundraising $44,671

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $773,545 · program services $581,163 · management and general $42,005 · fundraising $150,377

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $117,712 · program services $74,621 · management and general $9,755 · fundraising $33,336

  • 10 · Payroll taxes

    total $77,769 · program services $50,595 · management and general $5,315 · fundraising $21,859

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $8,422 · management and general $8,422

  • 11c · Fees: accounting

    total $51,677 · management and general $51,677

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $14,508 · fundraising $14,508

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $72,268 · program services $9,732 · management and general $62,536

  • 12 · Advertising and promotion

    total $1,801 · program services $497 · management and general $257 · fundraising $1,047

  • 13 · Office expenses

    total $39,926 · program services $15,948 · management and general $6,282 · fundraising $17,696

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $26,778 · program services $15,191 · management and general $5,794 · fundraising $5,793

  • 17 · Travel

    total $16,835 · program services $4,770 · management and general $9,146 · fundraising $2,919

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $7,257 · program services $4,226 · management and general $2,727 · fundraising $304

  • 24a · Other expenses: PROGRAM EXPENSES

    total $81,803 · program services $81,685 · fundraising $118

  • 24b · Other expenses: COST OF MATERIALS

    total $20,427 · program services $20,427

  • 24c · Other expenses: COMMUNICATIONS

    total $17,118 · program services $10,913 · management and general $1,330 · fundraising $4,875

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $826,096

  • 2 · Savings and temporary cash investments

    beginning of year $452,964 · end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $398,516 · end of year $164,027

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,594 · end of year $4,432

  • 10a · Land, buildings and equipment: cost or other basis

    $1,595

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,595

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $37,293 · end of year $235,909

  • 17 · Accounts payable and accrued expenses

    beginning of year $109,365 · end of year $158,764

  • 25 · Other liabilities

    beginning of year $38,885 · end of year $57,452

  • 27 · Net assets without donor restrictions

    beginning of year $397,261 · end of year $773,626

  • 28 · Net assets with donor restrictions

    beginning of year $346,856 · end of year $240,622

Mission and programs · 2023

Mission

FINANCIAL BEGINNINGS EMPOWERS YOUTH AND ADULTS TO TAKE CONTROL OF THEIR FINANCIAL FUTURE.

  • FINANCIAL BEGINNINGS FULFILLS ITS MISSION BY PROVIDING FINANCIAL EDUCATION AND EMPOWERMENT OPPORTUNITIES. AS A NATIONAL NONPROFIT, FINANCIAL BEGINNINGS PROVIDES PROGRAMS TO LEARNERS ACROSS THE UNITED STATES.FINANCIAL BEGINNINGS INCREASES THE FINANCIAL CAPABILITY OF YOUTH AND ADULTS, WHICH ALLOWS THEM TO LIVE WITH LESS FINANCIAL UNCERTAINTY. OUR GOALS ARE TO INCREASE KNOWLEDGE AND CONFIDENCE AROUND PERSONAL FINANCE TOPICS TO HELP PEOPLE ACHIEVE THEIR PERSONAL GOALS SUCH AS HOME OWNERSHIP, HIGHER EDUCATION, AND SECURE RETIREMENT.FINANCIAL BEGINNINGS WORKS TO:- PROMOTE FINANCIAL WELLNESS BY TEACHING AND EMPOWERING INDIVIDUALS TO IMPROVE THEIR FINANCIAL HEALTH PROACTIVELY-ENHANCE FINANCIAL KNOWLEDGE, CONFIDENCE, AND RESILIENCY AMONG UNDERSERVED POPULATIONS.- SUPPORT INDIVIDUALS IN UNDERSTANDING, ACCESSING, AND PARTICIPATING IN FINANCIAL SERVICES. - PROVIDE AGE-APPROPRIATE FINANCIAL EDUCATION THAT MEETS OR EXCEEDS STATE-SPECIFIC STANDARDS. - CREATE COMMUNITIES THAT UNDERSTAND THE NEED FOR FINANCIAL EDUCATION, BUILDING PARTNERSHIPS THAT WORK COLLABORATIVELY TOWARDS INCREASED FINANCIAL LITERACY AND EMPOWERMENT. THESE GOALS ARE ACCOMPLISHED THROUGH FINANCIAL BEGINNINGS' MAIN PROGRAM, WHICH INCLUDES AGE-APPROPRIATE LESSONS FOR YOUTH IN GRADES K-12, AS WELL AS PROGRAMMING FOR COLLEGE STUDENTS AND ADULTS. PROGRAMS ARE PROVIDED IN PARTNERSHIP WITH SCHOOLS AND COMMUNITY-BASED ORGANIZATIONS. FINANCIAL BEGINNINGS HAS ALSO DEVELOPED ONLINE PROGRAMMING TO COMPLEMENT IN-PERSON LESSONS.

    Expenses $1,007,178

As filed on the 2023 return.

Listed in Part VII

  • Ronecca Norvell

    CEO

    Total calculated
    $162,308
    From this org
    $155,752
    From related orgs
    $0
    Other
    $6,556
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,752
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $155,752

  • Amy Theuma

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jamese Beauford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Donald L Bielen

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Ken Calhoun

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sean Edwards

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Holly Files

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Fisher

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Joe Herrle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Frewine Kiros

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Martha Mickelson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Logwone Warrior Mitz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amanda Lang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Heidi Sexton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tom Soma

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John Stirek

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Stirek Sr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeff Strickler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Duncan Taylor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marc Wright

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bridget Banz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202531269349301753

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.